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BlueBet Holdings Ltd. ( (AU:BBT) ) has provided an update.
Betr Entertainment Limited has announced a fully underwritten pro-rata accelerated non-renounceable entitlement offer and an institutional placement to raise a total of approximately AUD$130 million. The funds raised will support the company’s operations and strategic initiatives, with eligible retail shareholders in New Zealand invited to participate in the offer. This move is expected to strengthen Betr’s financial position and enhance its market presence, providing opportunities for stakeholders to invest further in the company’s growth.
More about BlueBet Holdings Ltd.
YTD Price Performance: 6.67%
Average Trading Volume: 421,496
Technical Sentiment Signal: Hold
Current Market Cap: A$198.1M
For a thorough assessment of BBT stock, go to TipRanks’ Stock Analysis page.